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Ford Motor Company (NYSE: F) reported a 7.8% decrease in U.S. sales for the thirty day period of November to 146,364 models. Retail revenue fell 15.8%.
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Nonetheless, Ford EV product sales jumped 102.6% Y/Y to 6,255 vehicles.
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The result has manufactured Ford America’s 2nd most effective-marketing brand name and maker of electric cars guiding Tesla, Inc. (NASDAQ: TSLA).
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Sales of Trucks and SUVs reduced 1.2% and 15%, respectively.
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Also Go through: Tesla Gives US Potential buyers Price cut: How You Can Get Product 3 Or Design Y For Much less expensive Suitable Now
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“Strong order need proceeds with general retail orders for’ 23MY cars up 104 p.c in comparison to a yr in the past, pushed by Super Duty and Maverick. Super Obligation took in a history 152,000 total orders given that get banking companies opened Oct 27th. As the year closes out, F-Series expanded its direct to more than 117,000 vehicles more than its 2nd-put competitor,” reported Andrew Frick, VP, Income, Distribution & Vans, Ford Blue.
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Yesterday, the automaker introduced an additional £125 million in its manufacturing plant in the U.K. to raise EV creation.
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Rate Motion: F shares are trading reduce by 1.35% at $13.89 on the past test Friday.
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